/THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES./
TORONTO, Sept. 14, 2011 /CNW/ - Faircourt Asset Management Inc., (the
"Manager") as manager of Faircourt Gold Income Corp. (TSX: FGX) (the "Company") announced today that it has filed a
preliminary short form prospectus in each of the provinces of Canada in
connection with a distribution to its holders of Class A Shares of
rights (the "Rights") to purchase additional Class A Shares of the
Company (the "Rights Offering").
Under the Rights Offering, holders of Class A Shares as of the record
date (expected to be September 30, 2011) will receive one Right for
each Class A Share held as of the record date. Two Rights will entitle
the holder thereof to purchase one Class A Share at a subscription
price to be determined by the Company in consultation with CIBC World
Markets Inc, the dealer manager. Finalization of the record date,
expiration date of the Rights and the subscription price for the Class
A Shares will be determined at the time of filing the final short form
prospectus in respect of the Rights Offering.
The Rights Offering will include an additional subscription privilege
under which holders of Rights who exercise their Rights will be
entitled to subscribe for additional Class A Shares, if available, that
were not otherwise subscribed for in the Rights Offering.
The Company will use the net proceeds of the Rights Offering to acquire
additional portfolio securities, in accordance with the investment
objectives and investment strategy of the Company and subject to its
Completion of the Rights Offering is subject to stock exchange and other
This news release does not constitute an offer to sell or the
solicitation of an offer to buy any of these securities in the United
States. Securities may not be offered or sold in the United States
absent registration under the United States Securities Act of 1933, as
amended, and applicable state securities laws, or an available
exemption from such registration.
SOURCE Faircourt Gold Income Corp.
For further information:
on the Rights offering or other Faircourt Funds, please visit www.faircourtassetmgt.com or contact: Charles Taerk, President and CEO or Douglas Waterson, CFO and Portfolio Manager at (416) 364-8989 or 1-800-831-0304.